The Top Regular Savers Discussion Thread

friolento

https://forums.moneysavingexpert.com/discussion/comment/81875602#Comment_81875602

I have not clicked on the 'nosey' thread in ages as I find the willy-wagging and boasting not very helpful. I also found the thread a tad intrusive, so I left. Others might be turned on by it, and as long as they stay within the Forum rules, surely they are allowed to post away as much as they please.

EDIT: in case you haven't seen it, there is now a useful Mute feature on this forum

WillPS

https://forums.moneysavingexpert.com/discussion/comment/81875602#Comment_81875602

From my perspective it's removed a lot of one upping swagger from this thread, which is probably my least favourite constituent part of what goes on here. That being said I hardly touch that thread but religiously follow this one, so I suppose it's possible there is other stuff which I just miss altogether.

I know you put a lot of effort in to curating the experience on this thread and you know I'm super grateful for that. I defer to you on these matters as always, and implicitly trust your judgment with what should and shouldn't go on, I was just trying to offer the member a ready to go repository for some of the views he sought.

masonic

https://forums.moneysavingexpert.com/discussion/comment/81875562#Comment_81875562

There are basically 3 main variables to weigh up when deciding whether to go for an account: the rate, the duration, and the contribution limit. Then there are minor 'modifiers' like whether it runs on calendar vs account months, fixed vs variable, flexibility over access/contributions. People will have their own criteria over what is worthwhile.

I am not keen on 6 month accounts, as the overall interest achieved for the amount of work setting up and looking after the account is considerably lower. Likewise for very low limit accounts, although those with terms longer than a year can make up for this. While for rates, I would not normally go as low as 5.25%, but make an exception for Lloyds' standard RS because I already hold and fund a Club Lloyds current account + RS, so it is almost no effort to run the second RS alongside it (especially as I also have the Halifax + BoS ones being funded alongside).

Once a small lump sum destined to be ISA-wrapped in the new tax year is removed from my taxable savings, I'll be running with a very small easy access cash float and everything else circulating my estate of RS accounts.

s71hj

https://forums.moneysavingexpert.com/discussion/comment/81875640#Comment_81875640

The only reason I follow it is in case I miss anything. RS wise but I find it hugely frustrating when it veers into territory which is so blatantly in this thread's territory

clairec666

https://forums.moneysavingexpert.com/discussion/comment/81875725#Comment_81875725

I don't think you'll miss much - anything particularly newsworthy (new accounts, interest rate cuts, etc.) gets reported in this thread

The other thread is more about people's long-term RS strategies

s71hj

https://forums.moneysavingexpert.com/discussion/comment/81875731#Comment_81875731

That is though something that is and has always been in the realm of this thread it seemed to me though.

Bobblehat

https://forums.moneysavingexpert.com/discussion/comment/81875731#Comment_81875731

…. but don't forget the "willy-wagging and boasting" …. it would all end up on here instead!

clairec666

https://forums.moneysavingexpert.com/discussion/comment/81875735#Comment_81875735

I don't have a willy to wag 😁

flaneurs_lobster

https://forums.moneysavingexpert.com/discussion/comment/81875745#Comment_81875745

Sexist! (literally)

Dizzycap

First Direct RS

If anyone has a maturing FD RS the RS now presently disappears a day before its maturity date which is when you can apply for a new RS as owing to a huge interest and backlog of applications, it's taking FD 3-5 days to actually open a new RS - text received this morning to confirm backlog.